• 1 hour Rise Of EVs Signals Peak Gasoline
  • 19 hours Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 1 day Gold Mining Stocks Stuck In Limbo
  • 2 days Executive Order Targets Huawei Over Espionage
  • 2 days Why Now May Be The Best Time Ever To Hold Gold
  • 3 days Fake News Sinks Shares In UK-Based Bank
  • 3 days De Beers To Build $468 Million Diamond Recovery Ship
  • 3 days Moody's: Turkey Faces Possible Credit Downgrade
  • 3 days Tesla's Solar Sales Are Slipping
  • 4 days Auto Industry To Get Temporary Tariff Relief
  • 4 days Welcome To The World’s Biggest Free Trade Area
  • 4 days Central Banks Are Stockpiling Gold At The Fastest Rate In Half A Decade
  • 4 days U.S.-China Impasse Threatens Rare Earth Trade
  • 5 days Wall Street Bears $1 Trillion Brunt Of Trade War
  • 5 days Mobile Sports Betting Isn’t Quite Minting Millionaires Just Yet
  • 5 days The Marijuana Industry’s Shocking Secret
  • 5 days A Generational Shift Is Quietly Unfolding In The Mining Industry
  • 6 days Pentagon To Pay $6 Billion To Help Build Border Wall
  • 6 days Beijing Backlash: Stocks Slammed, Gold Boosted
  • 6 days Market Sentiment At Its Lowest In 10 Months
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On GOLD And USDJPY

GOLD

GOLD completed its five wave move to the upside and already with sharp movement traced out wave A to the downside. We now expect a pullback up in the black wave B with resistance around 1.300 region for another push down in black wave C.

GOLD, 30 Min

Gold 30-Minute Chart


USDJPY

As expected, USDJPY is at new lows, now in wave 5) with an extended leg down from a fourth wave 4) triangle, so we think that pair can be making a final wave of a decline that may look for a base then at 102-103 area, after five subwaves down will complete red wave 5). However, in either case we will have to wait on an impulsive bounce from the low and back above 105.68 level to confirm a low in place. So until then, trend remains bearish, thus any longs should be on hold!

USDJPY, 4H

USD/JPY 4-Hour Chart

 


Interested in our services ? We have a Special Offer: Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment